Multinational Corporations and Technological Innovation Development of China’s High-Tech Industries: A Heterogeneity-Based Threshold Effect Analysis

Yuanyuan Kou (), Huiying Chen, Kai Liu and Huajie Xu
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Yuanyuan Kou: College of Economics and Management, Shandong University of Science and Technology, Qingdao 266590, China
Huiying Chen: College of Economics and Management, Shandong University of Science and Technology, Qingdao 266590, China
Kai Liu: School of Economics and Management, Beijing Jiaotong University, Beijing 100044, China
Huajie Xu: College of Economics and Management, Shandong University of Science and Technology, Qingdao 266590, China

Sustainability, 2023, vol. 15, issue 9, 1-19

Abstract: Technological innovation of multinational corporations (MNC) is an important engine to drive the world’s scientific and technological progress, which plays an important role in the sustainable development of global innovation. With China’s high-tech industry from 2009 to 2020 as the research sample, this study empirically analyzes the impact of MNCs’ two-stage innovation on the innovation efficiency of China’s high-tech industry through the perspective of base regression, threshold effect, and regional heterogeneity. It was found that MNC research and development (R&D) efficiency and achievement transformation efficiency have a positive impact on the innovation efficiency of high-tech industries in China, with nonlinear features and regional heterogeneity. This study provides an empirical basis for the efficient use of MNC’s innovative resources and the sustainable development of China’s high-tech industry.

Keywords: multinational corporations; achievements transformation; technological innovation; high-tech industries; threshold regression (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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